Wages are flat because unemployment IS so low

The New York Times had a feature on February 2nd on why wages continue to lag despite the extremely low unemployment rates at the moment. There is a basic presumption in this article that is no longer valid, however: namely that the unemployment rate today is the same kind of unemployment rate from 10 or 20 or even 30 years ago. In Wisconsin, the news for some time has been how the state’s unemployment rate and benefit payments to claimants are at record lows. For instance, a January 2018 press release from the Department includes the following observations: Other indicators of the state of Wisconsin’s economy include: Initial UI claims ended 2017 at their lowest level in the last 30 years. Continuing unemployment claims ended 2017 at their lowest level since 1973. See also this October 2017 press release. What is notable here is that this decline is well known and part of an apparent plan. As previously noted here, this decline is occurring because of Department…

Read more detail on Recent Administrative Law posts –

This entry was posted in Administrative law and tagged , , , . Bookmark the permalink.

Leave a Reply